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Finance Transformation Integrated Solution Leader – South Africa
The current PwC study shows that, for the majority of CFOs, the digitalisation of the finance function is of great importance. Nevertheless, the digitalisation of the finance sector is often still in its infancy in many companies. The rate of digitization seems to depend largely on the size and complexity of the organisation with top quartile turnover businesses investing significantly.
"Digitisation is high on the priority for many CFO's as they move to modernise their Finance Functions - looking at new ways of working, employing digital operating models, leveraging leading technologies in process automation, AI and predictive analytics and developing the partnering skills of the future to look beyond."
In many companies, there is still enormous potential in the digitalisation of finance functions. And for CFOs, the transformation of their field represents a great opportunity. For example, AI-supported forecast models and predictive data analysis in the finance function can help to strengthen the strategic role of CFOs within the company.
“Companies need to focus more on the digitalisation of financial functions. A transformed finance sector provides new opportunities in data-based business management.”